PEPE Price Analysis – PEPE Headed for a Bullish Breakout to $0.00001490

Highlights:

• PEPE is one of the top trending cryptocurrencies today, as altseason hopes rise
• PEPE price is driven by increased bullish sentiment around Ethereum
• Rallying off current prices could see it eliminate a zero

PEPE (PEPE) is one of the top-performing cryptocurrencies in the last 24 hours. In this period, PEPE has gained by 8% to trade at $0.00001260. PEPE’s trading volumes are also on the rise, up by 38.96% in the last 24 hours to stand at $1.06 billion in the last 24 hours. PEPE’s price action in the day reflects the rising bullish momentum across the market. From a look at the prevailing market sentiment, there is a good chance that PEPE could be headed for a rally in the short term.

Marketwide FOMO Likely to Push PEPE to New Highs

One of the key factors that is likely to support PEPE’s price action is the fact that FOMO is building up across the market. This week, altcoins appear to be doing better than Bitcoin, a signal that usually hints at the start of altseason.

From PEPE’s price action today, there is a chance that investors see it as one of the cryptocurrencies that can do well if altseason is truly in. That’s because not only is PEPE pumping more than the average top 100 altcoins, but it is also among the top trending cryptocurrencies for the day. This is a signal that investors expect PEPE to be among those that will do well in the event that bulls take control of the market. It is a factor that could trigger FOMO in PEPE and send it to new highs in the short term.

$PEPE is setting up for a massive pump.

It's coming sooner than you think.

You just need conviction. 0,00095$-0,002$-0,005$-0,01$-0,05$-0,09$ 1$ pic.twitter.com/YEloiYaNEU

— Cryptocurrency Whale (55B) (x1,5T) (@MouhieddinA) June 2, 2025

Ethereum Price Action Supporting PEPE’s Price Rally

PEPE also stands to benefit from the fact that Ethereum is waking up after its price underperformed the market for over a year. PEPE is an Ethereum-based token, and its price, for the most part, performs best when Ethereum is doing well. This is evident in PEPE’s price action today when Ethereum is not only doing well but also outperforming Bitcoin by a considerable margin. If Ethereum continues doing well, it could inspire investors to FOMO into high-potential memecoins in the short term. 

Kurzes Update von unterwegs:

Märkte weiter im Risk On Modus, Ethereum zeigt relative Stärke.

Ethereum/Bitcoin Boden für die kommenden Wochen drinnen, denke Ethereum wird in den Sommer hinein outperformen.

Kleine Sommer Altcoin Rally in the Making? https://t.co/wNlisyqcHW pic.twitter.com/lzRdsabsBk

— Florian Kössler (@studentofcycles) June 3, 2025

Memecoins Like PEPE Outperform In Bull Markets

One of the aspects of the cryptocurrency market that tends to do well when bulls are in control is the memecoin market. PEPE is not only a memecoin but one of the better-known memecoins in the market. It ranks alongside Dogecoin and Shiba Inu among the memecoins that usually do well in bull markets. As such, investors looking to take advantage of the memecoin market are likely to go for PEPE more than other relatively unknown memecoins. This could trigger a surge in demand in a way that sends PEPE to new highs in a short time.

$PEPE – one of the most famous meme in the Crypto Market.

Price action is quite promising. It is rising on 1167 support zone..

Targets are 1382, 1521, 1737 pic.twitter.com/N6uJN8SwRa

— $SHIB KNIGHT (@army_shiba) June 3, 2025

PEPE Has the Advantage of Credibility Compared to Most Memecoins

Then there is the aspect of credibility. The memecoin space is full of scams that only exist to enrich founders through pump-and-dump schemes. PEPE not only has a big name but is also credible. It is one of the few cryptocurrencies that is fully community-driven.

This is likely to attract whale buyers who want to take advantage of altseason but are afraid of being conned by investing in the newer memecoins. This further adds to PEPE’s potential to do well now that the market is sending signals of a possible bull rally that could complete the 2024/25 cryptocurrency season. 

Technical Analysis – PEPE Price Headed for a Breakout

From the charts, PEPE is forming a symmetrical triangle pattern with volumes thinning out. This is usually an indicator that a price breakout is imminent. This pattern coincides with the rising bullish sentiment across the market.

If PEPE breaks out to the upside, the odds are high that it could rally to $0.00001490 in the short term. If the market goes into a full-blown altseason, PEPE could eliminate a zero in the short term.